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Beyond Numbers



Beyond Numbers is a bulletin covering all the latest employment and remuneration services news.

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    Draft LAFHA legislation released – More bad news, little good news

    Treasury released the draft legislation in respect of the changes to Living Away From Home Allowances (LAFHA) on 15 May 2012.

    Federal Budget 2012/13 - LAFHA reforms: Death by a thousand cuts

    In the Federal Budget handed down Tuesday evening (8 May 2012), the Treasurer has released further details with respect to the proposed reforms on Living Away From Home Allowance (LAFHA). 

    Federal Budget 2012/13 - Employment taxes, remunerations and superannuation

    There have been significant measures announced, which will impact non-residents and high income earners.

    LAFHA Reform - Further Update

    The Federal Government is set to introduce the draft legislation in respect of the Living Away From Home Allowance (LAFHA) changes in the upcoming sitting of the Parliament. 

    Living Away From Home Allowance ('LAHFA') - Rates for 2012/13 FBT Year

    The Australian Taxation Office ('ATO') has recently announced updated amounts for the reasonable food component of a LAFHA for expatriate employees into Australia and domestic transfers  applicable for the 2012/13 FBT year.

    Contractor Alerts

    Payments to a contractor providing labour, even if through their own Company, may be liable for WorkCover in Victoria!

    From 1 July 2011, changes to the WorkCover legislation deem an individual to be the worker of the hirer for WorkSafe purposes where the contractual arrangement reflects an employment relationship.

    Update - Proposed LAFHA changes

    There is no news from Treasury as to when the draft legislation in respect of the LAFHA changes will be released or whether a transitional rule will be introduced.  This is very disappointing given the proposed changes will apply from 1 July 2012.

    We recommend that the proposed changes to the LAFHA rules be communicated now to both your domestic and international employees on the basis that the changes will apply from 1 July 2012.

    Living Away From Home Allowance Submission

    The Assistant Treasurer has released a consultation paper on 29 November 2011 proposing a fundamental reform to how Living Away From Home Allowance (LAFHA) and other associated benefits will be taxed from 1 July 2012 for temporary residents. These changes will significantly impact Australian businesses.

    Living Away From Home Allowance to be decimated

    The Assistant Treasurer has released a consultation paper on 29 November 2011 proposing a fundamental reform to how Living Away From Home Allowance (LAFHA) and other associated benefits will be taxed from 1 July 2012 for temporary residents.  These changes will significantly impact Australian businesses.

    Fly in fly out exemption for overseas employees becomes law

    As reported on 13 April 2011 Fly in fly out arranged extended to remote overseas locations , fringe benefits tax (FBT) exemption has now been extended to employees working at overseas locations under a fly in fly out arrangement.
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